Profit Planners Management, Inc. Reports First Fiscal Quarter 2012 Results
17 Octobre 2012 - 5:59PM
Marketwired
Profit Planners Management, Inc. (OTCQB:
PPMT) today announced financial results for its fiscal 2012 first
quarter ended August 31, 2012. The Company posted quarterly revenue
of $250,800 and quarterly net profit of $58,753. These results
compare to revenue of $49,637 and net quarterly profit of $10,333
in the year-ago quarter
. This represents a
327% increase in revenues and a 380% increase in net income. As a
commitment to increasing shareholder value we declared and issued a
100% stock dividend for the second consecutive year. The dividend
was distributed on October 10, 2012 to shareholders of record as of
September 28, 2012.
The Company's increased revenue, and net profit, for the quarter
were the result of new customers and service offerings added in the
first fiscal quarter of August 31, 2012 compared to the year ago
quarter.
"We are extremely pleased that the company was able to increase
its revenue and cash flow for the first quarter and report a net
profit for the quarter with only a modest increase in SG&A
expenses," said Wesley Ramjeet, PPMT's CEO. "We are continuing to
focus our energies on increasing the customer base of the company,
increasing the company's revenues and broadening our business
areas. We have been very pleased with the initial response to our
recently launched Sports and Entertainment Practice and expect it
to become one of our growth drivers in the future. Over the coming
months we expect to move forward in developing our company
infrastructure, adding additional management in key areas,
acquisitions, developing an advisory board that we anticipate will
assist in the development of additional products designed to enable
our company to become a significant player in this market," he
added.
About Profit Planners Management, Inc.
Profit Planners Management, Inc. (OTCQB: PPMT) is a publicly
traded company that provides management, financial, marketing and
other professional services and business solutions.
Members of our team of management professionals have both public
accounting and industry experience, and many of them have
successfully started and operated their own companies. This
expertise allows our team to understand and then implement what a
company needs to achieve its business goals. For more information,
visit: www.profitplannersmgt.com
This press release contains forward-looking statements including
without limitation those about the Company's estimated revenue and
earnings per share. All statements other than statements of
historical fact made in this report are forward looking. In
particular, the statements herein regarding industry prospects and
future results of operations or financial position are
forward-looking statements. These forward-looking statements can be
identified by the use of words such as "believes," "estimates,"
"could," "possibly," "probably," "anticipates," "projects,"
"expects," "may," "will," or "should" or other variations or
similar words. No assurances can be given that the future results
anticipated by the forward-looking statements will be achieved.
Forward-looking statements reflect management's current
expectations and are inherently uncertain. Our actual results may
differ significantly from management's expectations.
Contact: Trudy M. Self Self & Associates (909) 336-5685
Profit Planners Management (CE) (USOTC:PPMT)
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